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Euro reaches a 6-week high.

GDP, employment and inflation data are the main market movers for this week. Here is an outlook for Technical analysis for EUR/USD.EUR/USD Technical Analysis

The week with a drop to 1.3440 level and the bounce back above 1.35 levels. And the pair is temporarily dipped down below 1.33.
Currently the pair trading at 1.33583 and the important resistance at 1.34158 and the important support at 1.32465 as per the daily chart.

EUR/USD

Currently traded at 1.33946 the pair oscillates between the supports at 1.34(Aug 27th high) and 1.3324(Sep 19 Low).And the resistance at 1.3476(Oct 16th Low) and 1.3570 (Sep 18th high).
The pair is slightly bullish on one hour timeframe analysis.

Euro reaches a 6-week high.

The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

EUR - Gross Domestic Product (YoY) (Q3)

EUR - Gross Domestic Product (YoY) (Q3)

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health.

Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).